The dynamics effect of green technology innovation on economic growth and CO2 emission in Singapore: new evidence from bootstrap ARDL approach

T Meirun, LWW Mihardjo, M Haseeb, SAR Khan… - … Science and Pollution …, 2021 - Springer
Environmental Science and Pollution Research, 2021Springer
For an economy to excel in growth, there is usually a trade-off between financial
development and environment deterioration. For a country like Singapore, which has shown
a radical growth and is known for its population density, it is important to explore the role of
green technology innovation in the pursuit of economic excellence with the least possible
cost to the environment. By employing the novel bootstrap autoregressive-distributed lag
(BARDL) technique using a time series data from 1990 to 2018, the results reported a …
Abstract
For an economy to excel in growth, there is usually a trade-off between financial development and environment deterioration. For a country like Singapore, which has shown a radical growth and is known for its population density, it is important to explore the role of green technology innovation in the pursuit of economic excellence with the least possible cost to the environment. By employing the novel bootstrap autoregressive-distributed lag (BARDL) technique using a time series data from 1990 to 2018, the results reported a positive and significant relationship of green technology innovation with economic growth and negative and significant relationship with carbon emissions in both long run and short run. Based on the findings, several managerial implications were discussed, whereas based on the limitations, directions for future researchers are also given.
Springer
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